FG Welcomes IMF Assessment, Commits to Economic Reforms

The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund (IMF), which described the country's economic reforms as valid and independent. The statement was issued on Tuesday in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.

The IMF's 2026 Article IV mission concluded that Nigeria has made significant progress in strengthening macroeconomic stability and improving resilience to external economic shocks. The report acknowledged improvements in the foreign exchange market and stronger external reserves, attributing these gains to ongoing fiscal reforms and a stabilized banking sector.

Oyedele noted that the IMF recognized the impact of key policy decisions, including the removal of fuel subsidies and efforts to improve fiscal discipline. Despite global economic uncertainties, Nigeria is projected to experience economic growth above four percent, with a focus on leveraging opportunities in the crude oil sector and enhancing domestic refining capacity.

The government is committed to ensuring that economic reforms translate into tangible benefits for citizens.